6.5a PCSR 03-28-2017 - Laserfiche WebLink

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+ This project supports the following objectives as outlined in the Implementation Section (p. 130) in the Comprehensive Plan: o Meets the vision of "to be the light industrial hub for small to medium -size firms in the NW Metro region" o Continue to promote and encourage the expansion of jobs and business growth within the city How compatible is it with surrounding properties? The proposed Truck Shop project is compatible to its surrounding properties, and is located: • Immediately East of Cretex Concrete Products; this parcel is over 65 acres, zoned 1 -2, guided Industrial • South of several properties currently zoned I -2, guided Mississippi Connections What are the benefits to the City? In addition to the creation of a new business which will support a family owned businesses that has been in the Elie River community for over 35 years, the city will benefit in the following ways: • The redevelopment of four, existing non - conforming residential homes; three which are substandard • The creation of a minimum of five, full -time permanent jobs for local citizens, with base hourly wages ranging from $16- $28 /hr. • New jobs provide higher wage levels to the community & will add value to current workforce skills • Average hourly wage (w /o benefits) of $23.20/hr; with benefits is $27.20/hr • The injection of approximately $1,200,000 in private investment to revitalize a highly visible site along CR1 in close proximity to US HWY 10 • The tax base will more than double; current taxes on the four parcels = $6,982/yr • Estimated taxes upon project completion will be $17,500 /yr Community Involvement Beaudry Oil, Truck Shop and their employees is a company that believes in using their resources to support and impact the local community. They participate in local events, sit on a variety of local committees and boards (i.e.: Elk River Area Chamber of Commerce) and support local organizations such as Timber Bay, Young Life, Three Rivers Community Foundation, CAER, MN Teen and Adult Challenge, Fellowship of Christian Athletes and more.